Bhutan Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Bhutan's credit to gdp was 57.29% in 2025, ranked 53rd globally. This represents a 10.4% increase from 2024. Data from World Bank, covering 1983–2025.
Overview
Bhutan's credit to gdp stood at 57.29% in 2025, a rise of +5.39% from 2024. Based on recent trends, this figure is projected to reach 57.29% by 2025. Bhutan ranked 53rd globally.
Bhutan’s credit to GDP ratio has risen dramatically since the series began in 1983, when it stood at 2.72 percent, reaching a historic low of 2.62 percent in 1987 before embarking on a sustained expansion. Over the 43‑year coverage, the indicator climbed to an all‑time peak of 71.44 percent in 2023 and settled at 57.29 percent in 2025, placing the kingdom at rank 53 globally. This 2025 level is comparable to peers such as Estonia (57.79) and Paraguay (57.14), suggesting that Bhutan has moved from a marginal credit market to one that resembles emerging economies with more diversified financial sectors. The steep upward trajectory reflects policy reforms, increased foreign borrowing, and infrastructure investment that have broadened access to external financing. If fiscal consolidation and prudent debt management are maintained, the credit‑to‑GDP ratio is likely to stabilize near the current level; however, a reversal in external borrowing conditions could alter the forward path.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 52.31% | - | - |
| 2026* trend | 54.80% | - | - |
| 2025* trend | 57.29% | - | - |
| 2025 | 57.29% | +5.39% | #53 |
| 2024 | 51.90% | −19.55% | #72 |
| 2023 | 71.44% | +3.57% | #115 |
| 2022 | 67.87% | +2.85% | #116 |
| 2021 | 65.02% | −2.53% | #112 |
| 2020 | 67.55% | +8.18% | #111 |
| 2019 | 59.37% | +4.53% | #118 |
| 2018 | 54.85% | +6.53% | #109 |
| 2017 | 48.31% | +4.18% | #97 |
| 2016 | 44.13% | +1.60% | #87 |
| 2015 | 42.53% | +1.44% | #84 |
| 2014 | 41.09% | −1.14% | #85 |
| 2013 | 42.22% | −0.03% | #93 |
| 2012 | 42.25% | −0.83% | #91 |
| 2011 | 43.08% | +4.62% | #94 |
Detected Pattern
Analysis
Bhutan matched the Export Boom Cycle pattern in 2007. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Bhutan's credit to gdp was 57.29% in 2025. Ranked 53rd globally. This represents a 10.4% increase from the previous year.
Bhutan's credit to gdp peaked at 71.44% in 2023.
The lowest credit to gdp in Bhutan was 2.62% in 1987.
Bhutan ranks 53rd globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Bhutan's credit to gdp is projected to reach 57.29% by 2025 based on trend extrapolation.
The credit to gdp of Bhutan in 2025 was 57.29%. This ranks 53rd in the world.
Cite this page
@misc{historysaid_bhutan_credit-to-gdp,
title = {Bhutan Credit to GDP},
url = {https://historysaid.com/bhutan/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}